AirTran lowers unit revenue forecast, cuts capacity further

AirTran Airways said second-quarter "yield growth has been slower" than expected "despite numerous fare increases," leading it to drop its unit revenue forecast to a year-over-year improvement of 1.5%-2% from April's prediction of 5%-6% (ATWOnline, April 23). It said in a filing with the US Securities and Exchange Commission that in "some" markets, "fares were increased too rapidly, which limited the company's ability to effectively manage close-in demand," resulting in an increased mix of ...